Ithaca Energy (LON:ITH) Trading 9.3% Higher – Time to Buy?

Ithaca Energy plc (LON:ITH – Get Free Report) shares traded up 9.3% during mid-day trading on Thursday . The stock traded as high as GBX 148.78 ($1.88) and last traded at GBX 143.40 ($1.81). 2,867,246 shares traded hands during trading, an increase of 71% from the average session volume of 1,677,731 shares. The stock had previously closed at GBX 131.20 ($1.66).

Ithaca Energy Trading Down 2.2 %

The firm has a market cap of £2.92 billion and a P/E ratio of 16.01. The company’s 50 day simple moving average is GBX 124.41 and its 200-day simple moving average is GBX 115.46.

About Ithaca Energy

(Get Free Report)

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.

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